Goodman, MS vs Water Valley, MS

There is a significant gap in the cost of living between these two cities. Goodman is 21.8% cheaper than Water Valley. With a cost index of 46 vs 59, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Goodman to Water Valley should plan for substantially higher expenses across most categories.

On the housing front, median rent in Goodman is $372/month compared to $592/month in Water Valley — a 37% difference. Home values follow the same pattern: Goodman is more affordable at $37,200 median vs $111,000.

Median household income in Goodman is $14,722 compared to $47,167 in Water Valley (-68.8%). While Water Valley is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Goodman spend roughly 30.3% of their income on rent, more than the 15.1% in Water Valley. The Water Valley ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, Goodman is notably warmer with an average of 64°F compared to 59.6°F in Water Valley. Water Valley receives more rainfall at 55.5" per year compared to 51.8" in Goodman.